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Jakarta banking on FDI for economic growth

Minister says: 'We can't just rely on consumers and foreign markets.'

The price hike was met with a swift increase in interest rates by 25 basis points to 7.75 per cent, the highest since 2009.


INDONESIA'S government is counting on a surge in foreign direct investment to help cushion the impact of high interest rates at home and sluggish demand for commodities among its biggest overseas markets.

Finance Minister Bambang Brojonegoro told investors on Tuesday that